Temasek-backed Licious' losses surge by 130% in FY22, revenue up 64%

Bengaluru-based meat delivery startup Licious' losses surged by nearly 130% to ₹855 crore in FY22 year-on-year. The Temasek-backed startup's losses were driven by higher advertisement and promotional expenses, along with increasing employee benefit costs. The unicorn's revenue grew by 64% to ₹683 crore as against ₹416 crore in FY21. Its total expenses rose by 80% to ₹1,191 crore year-on-year.